https://www.taxtmi.com/caselaws?id=234086 The Appellate Tribunal CESTAT KOLKATA allowed the appeal, setting aside the penalty imposed under Section 78 of the Finance Act, 1994, on the appellant for failure to pay Service Tax timely. The Tribunal found the appellant's belief regarding payment timing genuine and noted the absence of evidence indicating intent to evade tax. Emphasizing the necessity of fraud or collusion for penalty imposition, the Tribunal disposed of the stay petition and ruled in favor of the appellant, highlighting that no intentional suppression of facts was established in the case. en-us Fri, 27 Apr 2012 00:00:00 +0530 Tue, 28 May 2013 11:48:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234086 The Appellate Tribunal CESTAT KOLKATA allowed the appeal, setting aside the penalty imposed under Section 78 of the Finance Act, 1994, on the appellant for failure to pay Service Tax timely. The Tribunal found the appellant's belief regarding payment timing genuine and noted the absence of evidence indicating intent to evade tax. Emphasizing the necessity of fraud or collusion for penalty imposition, the Tribunal disposed of the stay petition and ruled in favor of the appellant, highlighting that no intentional suppression of facts was established in the case. Case-Laws Service Tax Fri, 27 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234086